Community Health Systems (NYSE:CYH) Stock Price Down 4.7% – What’s Next?

Community Health Systems, Inc. (NYSE:CYH)’s share price traded down 4.7% during mid-day trading on Monday . The stock traded as low as $3.69 and last traded at $3.7150. Approximately 390,962 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 1,643,535 shares. The stock had previously closed at $3.90.

Analysts Set New Price Targets

Several brokerages recently commented on CYH. Wall Street Zen downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings upgraded Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Truist Financial reduced their price target on Community Health Systems from $3.50 to $3.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Zacks Research lowered Community Health Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Finally, Barclays cut their price objective on Community Health Systems from $3.50 to $3.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $3.28.

Community Health Systems Price Performance

The stock’s 50-day moving average price is $2.96 and its 200 day moving average price is $3.12. The firm has a market capitalization of $524.93 million, a PE ratio of 1.09 and a beta of 1.81.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Tuesday, April 21st. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.30). The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.89 billion. Community Health Systems had a negative return on equity of 7.62% and a net margin of 3.78%.The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period last year, the company earned ($0.03) EPS. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. Equities research analysts forecast that Community Health Systems, Inc. will post -0.58 earnings per share for the current fiscal year.

Institutional Trading of Community Health Systems

A number of hedge funds have recently added to or reduced their stakes in CYH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Community Health Systems by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,987 shares of the company’s stock valued at $202,000 after purchasing an additional 3,204 shares during the period. Creative Planning increased its holdings in Community Health Systems by 14.1% during the second quarter. Creative Planning now owns 98,577 shares of the company’s stock valued at $335,000 after buying an additional 12,204 shares during the period. Rhumbline Advisers raised its stake in Community Health Systems by 3.8% in the second quarter. Rhumbline Advisers now owns 206,497 shares of the company’s stock worth $702,000 after buying an additional 7,549 shares in the last quarter. Norges Bank purchased a new stake in Community Health Systems during the second quarter worth $1,204,000. Finally, Marshall Wace LLP bought a new stake in Community Health Systems during the 2nd quarter valued at $321,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Company Profile

Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.